Free - Beyond Collapse

Tuesday, April 22, 2014

The United States Debt Meltdown, And The Coming Dollar Collapse

The United States government and the Federal Reserve must keep
interest rates near zero – because if they don’t, there will be great
difficulty in paying the interest on the debt they’ve accumulated, which could bring it all (the economy and our way of life) crashing down.

There’s one problem though. The only way the United States can
maintain their zero interest rate policies is for the world to continue
accepting the dollar as the world’s reserve currency. The thing is –
they’re not, and plans are nearly implemented to circumvent the United
States dollar for major countries such as Russia and China (and others).The carrot and the stick approach (by the United States)
isn’t working so well anymore. The carrot (the strength of the dollar)
is becoming increasingly rotten and the stick (the willingness to use
the military) has weakened considerably as Americans have grown war
weary.

There’s No More Gold

It is likely that there is little gold left in United States coffers
to back up American debt. Technically the dollar is not backed by gold
anyway (since Nixon in the ’70s) but the gold for the most part is
believed to have left the country while much of it has gone east to Asia
and beyond while the FED and gold central banks have suppressed the
dollar price of gold – while it is gobbled up in the world market
(apparently other nations still value this ancient relic as real money) –
[sarcasm]. The United States was recently only able to deliver a tiny
fraction of Germany’s gold after they requested (demanded) it –
exemplifying the likelihood that there is barely any gold left on
reserve. The FED refuses to audit their (supposed) gold.

Fewer Are Buying United States Debt

Fewer nations are willingly purchasing United States debt
(Treasuries). The FED is looking for other ways to sell their debt, one
of the latest being the new “myRA” – a covert grab for its citizens’
money, an IRA-style which invests only in United States Treasuries
(debt). One wonders how long until this becomes mandatory and retirement
accounts are nationalized.

The Debt Is Massive

The current United States National Debt is more than $17.5 Trillion.
What that actually means for you and I is that each and every American
taxpayer is personally indebted (by your being a United States citizen)
for nearly $152,000. And that figure keeps rising. If you also consider
the debt obligations for unfunded liabilities (Social Security &
Medicare), $129 Trillion, while there are more ‘takers’ than ‘workers’
as the decay worsens – the future does not look very bright.

Few People See The Coming Collapse

A relatively few people see the collapse that is coming. The majority
of those who do not see it (are refusing to see it) think the rest of
us are crazy, and they mock us. Sadly many of them will be hurt badly
while those of us who choose to do something about it will fare better
(although we will not escape it).

Never Before In History

In all of world history, no nation (none – ever) has accumulated as
much debt that the United States has. Not even close. We are the most
indebted nation in the entire world. In fact the entire WORLD is in debt
beyond comprehension.

Debt Comes Due

As most of us know (logically), we can only spend ‘so much’ beyond
our ‘take home’ pay before we get cut off. There is always a day of
reckoning. One way or the other we suffer the consequences. It is little
different with nation debt.

When We’re ‘Shut Off’

When the rest of the world cuts off our debt (our credit card) – and
they are beginning to do just that while finding other mechanisms for
trade and currency exchange – the US dollar is done for. All of the
trillions of dollars out there in the rest of the world will start
rushing back home (as it’s sold off) and the inevitable result is
currency inflation. This will start a chain reaction that will not be
stopped. It (currency collapse) has happened eventually to EVERY
currency in world history, and it WILL happen to the dollar.

Normalcy Bias

We are stuck in our normalcy bias and cannot imagine or comprehend
that the dollar could possibly collapse. We live in our fairy tale world
and do not have the vision or the sense of history to understand
reality. We believe that we are magically isolated from economic
collapse. It has never happened to us before, therefore it will never
happen to us.

Caught Off Guard

When the economic situation deteriorates, most working (slaves) will
be entirely caught off guard with little or no preparation – thanks to
the massive mainstream coverup and propaganda (in an effort to keep
everyone happy and spending).

Warning Signs

The warning signs are everywhere. We have a (mostly) corrupt
government in cahoots with big business, big money, and big banks. What
that is, is borderline authoritarian fascism. Most of us (thinking
people) realize that few politicians actually represent our personal and
individual interests over that of big money and big power – it’s an
unfortunate human condition if left unchecked. The problem is that it
has been essentially unchecked for far too long, and it is essentially
seemingly too late. Therefore we must prepare for what lies ahead.

What Lies Ahead?

We are in uncharted territory due to the massive extent of our bad
situation. Whether or not the powers-that-be will be able to control our
crash landing remains to be seen. I personally believe that at some
point they will lose control and all bets are off. That is what I am
preparing for – more of a worst case scenario.
There will (at a minimum) be social unrest (there already is). This
could easily spiral into social chaos and beyond – especially in
regions. If this bubble bursts badly, the results will surely be very
bad. There will be millions upon millions of people hurled into
desperation as their standard of living is abruptly changed for the
worse. It could be shocking. My hope is that the balloon will instead
maintain it’s slow leak such that the air is released at a relatively
slow rate while people attempt to adjust to their diminished
circumstances. This is not to say there will be no unrest – this will
only dampen the violence of an abrupt stop.

What To Do?

Your best survivability will stem from a thought process of
self-sufficiency, self-protection & preservation, and insulation
form dangerous geographical areas (cities and metros) which will ‘catch
fire’ in a collapse.
The rest of the details are up to you and your due-diligence.
I hope that you give it some thought.